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Facebook changes its company name to Meta
Facebook Inc is now called Meta, the company said on Thursday, in a rebrand that focuses on building the “metaverse,” a shared virtual environment that it bets will be the successor to the mobile internet.
The name change comes as the world’s largest social media company battles criticisms from lawmakers and regulators over its market power, algorithmic decisions and the policing of abuses on its services.
CEO Mark Zuckerberg, speaking at the company’s live-streamed virtual and augmented reality conference, said the new name reflected its work investing in the metaverse, rather than its namesake social media service, which will continue to be called Facebook.
The metaverse is a term coined in the dystopian novel “Snow Crash” three decades ago and now attracting buzz in Silicon Valley. It refers broadly to the idea of a shared virtual realm which can be accessed by people using different devices.
“Right now, our brand is so tightly linked to one product that it can’t possibly represent everything that we’re doing today, let alone in the future,” said Zuckerberg.
The company, which has invested heavily in augmented and virtual reality, said the change would bring together its different apps and technologies under one new brand. It said it would not change its corporate structure.
The tech giant, which reports about 2.9 billion monthly users, has faced increasing scrutiny in recent years from global lawmakers and regulators.
In the latest controversy, whistleblower and former Facebook employee Frances Haugen leaked documents which she said showed the company chose profit over user safety. Haugen has in recent weeks testified before a U.S. Senate subcommittee and lawmakers in the UK’s Parliament. Zuckerberg earlier this week said the documents were being used to paint a “false picture.”
The company said in a blog post that it intends to start trading under the new stock ticker it has reserved, MVRS, on Dec. 1. On Thursday, it unveiled a new sign at its headquarters in Menlo Park, California, replacing its thumbs-up “Like” logo with a blue infinity shape.
Facebook shares closed 1.5% higher at $316.92 on Thursday.
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Japan allocates nearly $20 million in humanitarian aid for Afghanistan
The Embassy of Japan in Afghanistan announced on Friday that the country has allocated $19.5 million in humanitarian assistance to Afghanistan.
In a statement, the Japanese Embassy said it hopes the aid will help bring positive change to the lives of vulnerable Afghans.
According to the statement, the assistance will cover the basic humanitarian needs of vulnerable communities in Afghanistan.
The embassy added that the aid will be delivered through United Nations agencies, international organizations, and Japanese non-governmental organizations operating in Afghanistan.
Japan’s total assistance to Afghanistan since August 2021 has reached more than $549 million.
Latest News
Afghan border forces prevent illegal entry of hundreds into Iran
Security forces at the Islam Qala border in Herat province prevented hundreds of young Afghans from illegally entering Iran.
Officials from the 207 Al-Farooq Army Corps said that around 530 people attempted over the past two days to illegally enter Iranian territory through areas of Kohsan district in Herat, but border forces detained them and transferred them back to their original areas.
Meanwhile, officials in the local administration of Herat said that due to severe cold along the illegal migration route to Iran, three Afghan migrants have lost their lives in the Kohsan district of the province, and a shepherd has also died there for the same reason.
Mohammad Yousuf Saeedi, spokesperson for the Herat governor’s office, said that some statistics and images shared on social media regarding the incident are not reliable.
According to him, further investigations are underway to determine whether any individuals have died on the other side of the border.
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US pauses green card lottery program after Brown University shooting
President Donald Trump suspended the green card lottery program on Thursday that allowed the suspect in the Brown University and MIT shootings to come to the United States.
Homeland Security Secretary Kristi Noem said in a post on the social platform X that, at Trump’s direction, she is ordering the United States Citizenship and Immigration Services to pause the program, the Associated Press reported.
“This heinous individual should never have been allowed in our country,” she said of the suspect, Portuguese national Claudio Neves Valente.
Neves Valente, 48, is suspected in the shootings at Brown University that killed two students and wounded nine others, and the killing of an MIT professor. He was found dead Thursday evening from a self-inflicted gunshot wound, officials said.
Neves Valente had studied at Brown on a student visa beginning in 2000, according to an affidavit from a Providence police detective. In 2017, he was issued a diversity immigrant visa and months later obtained legal permanent residence status, according to the affidavit. It was not immediately clear where he was between taking a leave of absence from the school in 2001 and getting the visa in 2017.
The diversity visa program makes up to 50,000 green cards available each year by lottery to people from countries that are little represented in the U.S., many of them in Africa. The lottery was created by Congress, and the move is almost certain to invite legal challenges.
Nearly 20 million people applied for the 2025 visa lottery, with more than 131,000 selected when including spouses with the winners. After winning, they must undergo vetting to win admission to the United States. Portuguese citizens won only 38 slots.
Lottery winners are invited to apply for a green card. They are interviewed at consulates and subject to the same requirements and vetting as other green-card applicants.
Trump has long opposed the diversity visa lottery. Noem’s announcement is the latest example of using tragedy to advance immigration policy goals. After an Afghan man was identified as the gunman in a fatal attack on National Guard members in November, Trump’s administration imposed sweeping rules against immigration from Afghanistan and other counties.
While pursuing mass deportation, Trump has sought to limit or eliminate avenues to legal immigration. He has not been deterred if they are enshrined in law, like the diversity visa lottery, or the Constitution, as with a right to citizenship for anyone born on U.S. soil. The Supreme Court recently agreed to hear his challenge to birthright citizenship.
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